Mcpherson, Mcpherson County, Kansas Property Taxes
Median McPherson, KS effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Kansas state median of 1.43%.
Median McPherson, KS home value: $164,720
Median annual McPherson, KS tax bill: $2,359, $41 lower than the national median property tax bill of $2,400.
How are property taxes in McPherson calculated?
Property taxes in McPherson, KS are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding McPherson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McPherson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcpherson, Mcpherson County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$2,454
$2,278
Property Tax Rates Across Mcpherson, Mcpherson County, Kansas
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mcpherson Tax Rate
1.49%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mcpherson County Tax Rate
1.47%
Median Effective Kansas Tax Rate
1.43%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcpherson, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67460 | 1.17% | 1.42% | 1.49% | 1.52% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Mcpherson, Mcpherson County, Kansas
When examining property taxes in McPherson, KS, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McPherson County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In McPherson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in McPherson. For example, the median home price in McPherson is $164,720, with tax bills ranging significantly across the county. ZIP code 67460 has the highest median home price at $164,720.
Property Tax Assessment Values Across Mcpherson, Mcpherson County, Kansas
Source: Ownwell
$40,240
$157,955
$275,670
Median Mcpherson Market Value
$164,720
Median Mcpherson County Market Value
$161,285
Median Kansas Market Value
$156,260
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcpherson, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67460 | $70,242 | $109,385 | $164,720 | $233,360 | $309,575 |
Source: Ownwell
Property Tax Bills Across Mcpherson, Mcpherson County, Kansas
In McPherson, Kansas, property tax bills are derived from a combination of the assessed value of a home and the local tax rate. Home values are assessed at a percentage of their market value, which is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $164,720, homeowners might expect a range of tax bills. For instance, the 25th percentile tax bill is $1,548, while the 75th percentile reaches $3,360, and the 90th percentile can go as high as $4,511. Compared to the national median property tax bill of $2,400, McPherson's bills can be significantly higher, affecting homeowners' financial planning.
Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners in McPherson potentially reduce their tax liabilities, ensuring they pay only their fair share. This service not only saves money but also provides peace of mind, allowing homeowners to focus on other financial priorities.
Median Mcpherson Tax Bill
$2,359
Median Mcpherson County Tax Bill
$2,306
Median Kansas Tax Bill
$2,595
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcpherson, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67460 | $988 | $1,548 | $2,359 | $3,360 | $4,511 |
Source: Ownwell